US prison strike hitting California’s pocketbook

South African prosecutors charge Finance Minister Pravin Gordhan over supposed fraud, and new emails surface showing that former Wells Fargo executive Carrie Tolstedt may have been informed about the company’s fraudulent practices in 2005. Edward Harrison has details on both stories. Bianca Facchinei kicks off Boom Bust’s special BRICS 2016 coverage with a breakdown of the economic bloc’s history. Ameera David then reports from Goa, India on how this year’s host country has managed to continue growing despite strong headwinds.

Nomi Prins, author of “All the President’s Bankers,” joins Edward to discuss everything from the IMF to Wells Fargo CEO John Stumpf. In The Big Deal, Ashlee Banks examines the largest prison strike in US history, and how it’s hurting California revenues.